Hany Salaam | The GRC will keep on expanding
GRC was formed in the late 1979 by its current Chairman, Lebanese businessman, Hany Salaam who comes from a family background in diplomacy, business and philanthropy. Mr Salaam began operation as a civil engineering contractor in the GCC region but became a power player in the field when he started a business association with Kaiser Aluminum Company.
This joint venture led to the creation and success of “Alba”, the first aluminum smelting company in Bahrain. Hany Salaam’s step into Aluminum proved to be a good one since Aluminum smelting proved to be a money maker in the GCC. According to a Press Release from the Gulf Aluminum Council, the primary aluminum producers in the GCC region produced a total of 5,408,257 tons of primary in 2018 that was shipped to the local as well as the international market.
These numbers show an increase of 230,000 tons over 2017. This growth can mainly be attributed to the improved efficiency and completion of modernization of projects that allowed companies to produce more Aluminum. This was further contributed by Alba, Hany Salaam’s company, which had surpassed one million tons of production for the first time and ranked in the top 5 Aluminum smelting companies in the GCC.
The Aluminum smelting world keeps on growing
The GCC contributes to 10% of the world aluminum demand exporting 60% of its production to more than 65 countries around the world every year due to the efforts of Chairman Hany Salaam whose drive and hard work were crucial to the success of these projects. These top 5 companies, Emirates Global Aluminum (EGA) which is a merger of Dubal - Dubai Aluminium and Emal - Emirates Aluminium, United Arab Emirates, Alba - Aluminium Bahrain, Bahrain, Qatalum - Qatar Aluminium, Qatar,Sohar aluminum, Oman and Maa’den Aluminium, Saudi Arabia, have led the region to be one of the leading and most dynamic regions for aluminum production as it has some of the best and most modern smelters available around the world. The GCC smelters specially are amongst the technically most advanced, environmentally clean and lowest cost smelters in the world.
The GRC, and its chairman Hany Salaam, decided to go bigger and embarked on a grand smelter scheme with Kaiser Aluminium to launch a massive joint venture including oil refining and aluminum smelting in Qatar, UAE & Saudi Arabia. This development set the course for the emergence of gas and oil based process industries that expanded on a global scale.
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